Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
Let's keep in mind this is about whether or not the investors in these mortgages, some of whom made substantial profits during the glory days, should be required to take the losses when the mortgages that they invested in turn out not to…
TARP was an important part of the government's rescue strategy and it helped rescue the financial system from imminent collapse.
Another that I am deeply concerned about is the extent to which the current programs that Treasury advances send a signal to investors in mortgages.
So, if we're going to be effective in dealing with this, we have to find some way to mitigate both the stigma of coming and the fear of changes in the future rules of the game that are going to apply to them.
When various forms of this creative banking triggered the economic crisis, the banks went to Washington for a handout, and all the while top executives kept their jobs and retained their bonuses even though the tax dollars that supported…
Pundits talk about populist rage, as a way to trivialize the anger and fear coursing through the middle class, but they have it wrong. Families understand with crystalline clarity, that the rules that they have played by, are not the same…
TARP has also failed to check the culture of excessive risktaking that brought on this crisis.
What's our model, here? Should we all just go to Las Vegas and bet it all on black-22?
So, if I'm understanding you correctly, you're saying that the advantage to breaking up the big banks is, we end up with more banks that can fail, because we let them fail, but more banks, then, that can figure out their profitable models…





